According to CNBC, Owen Lau, an analyst at investment bank Oppenheimer, said, “The U.S. Consumer Price Index (CPI) rose 0.3% month-over-month in April, missing market expectations and increasing the chances of a Fed rate cut. This has had a modest impact on the BTC price. Spot ETFs, Halving, and...
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose to 70, up six points from the previous day. The greed phase continued with improved sentiment. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100...
Grayscale, the issuer of the Bitcoin spot ETF GBTC and crypto asset manager, has released a report declaring that “a renaissance has arrived in the Bitcoin ecosystem. The world's first public blockchain is evolving,” the report said. “The success of Audience, Inscription, and others has sparked a...
The Hong Kong Stock Exchange (HKEX) has reaffirmed its stance that “Chinese investors are not allowed to invest in Hong Kong cryptocurrency spot ETFs,” according to CoinDesk. Earlier, Harvest Global Investments, the issuer of Hong Kong's Bitcoin and Ethereum (ETH) spot ETFs, said it would explore...
Bitcoin has defended the $59,600 support level but failed to reach the 20-day exponential moving average (EMA) at $62,650, Cointelegraph reports. “If $59,600 is broken, the price could retest the previous one-day low of $56,552,” the outlet said. This level is expected to attract buyer interest,...
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose one point to 57 from the previous day. The greed phase continued with a slight improvement in confidence. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings...
It has been confirmed that about 366 BTC (about 31.5 billion won as of May 10) was deposited into the wallet of Terraform Labs founder Kwon Do-hyung, according to Digital Asset. The media reported, “Approximately 366 BTC was transferred to Kwon Do-hyung's wallet in twelve transfers from seven...
Daniel Yan, co-founder of cryptocurrency service provider Matrixport, told X: “Ethereum (ETH) is disappointing from both a fundamental and technical perspective. A break below $2,950 on a daily basis could easily break the $2,500-$2,600 range.” Ethereum is currently trading just below $2,950....
“Bitcoin is two days away from exiting its post-halving ‘danger zone’,” Cointelegraph reports, citing multiple analysts. An unnamed crypto trader at Rekt Capital said: “BTC has tended to fall for weeks after halving, with two days left in the danger zone. Even after this halving, BTC touched the...
MAGA, a meme coin themed after former US President Donald Trump, surged 78% on Monday (local time) after the Republican presidential candidate made cryptocurrency-related comments. On August 8, Trump answered “yes” to a question at a dinner he hosted in Florida when asked if his campaign could...
Bithumb has announced that it will prepay the 40 billion won tax penalty imposed on Bithumb Airdrop users by South Korea's National Tax Service. “Bithumb will cover not only the KRW 20.2 billion won in taxes that have already been paid, but also the approximately 19 billion won in taxes that will...
Lark Davis, a well-known Bitcoin investor and analyst with nearly 1.1 million followers on X (formerly Twitter), tweeted, “I expect the Hong Kong BTC and ETH spot ETFs to be fully open to mainland Chinese soon. For the past three years, the big players in all Hong Kong ETFs have been Chinese...
